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Treasurer Jim Chalmers says he’s “confident but not complacent” about the government’s inflation forecasts in the wake of the surprise spike in the monthly inflation result from 3.6% to 4% for May, but that “there’s always an element of uncertainty”.
Speaking on Sky News this morning ahead of the July 1 start to energy rebates and tax cuts, Chalmers said the challenge was to get on top of inflation “without seeing a big blowout in unemployment”:
It doesn’t always moderate in a straight line. It zigs and zags on the way down and that’s what we’re seeing.
The Reserve Bank and the government have got a similar view, which is we’ve got to get on top of inflation without smashing the economy. That involves a series of fine judgments.
Defence has been looking at alleged links between personnel and extremism, Ariel Bogle reports.
Jailed whistleblower David McBride was uplifted by Julian Assange’s arrival in Canberra.
And here’s an explainer on what you need to know for the new financial year.
Continue reading…Follow today’s news liveExclusive: Defence probed 16 alleged links between personnel and extremism in two yearsGet our morning and afternoon news emails, free app or daily news podcastTreasurer Jim Chalmers says he’s “confident but not complacent” about the government’s inflation forecasts in the wake of the surprise spike in the monthly inflation result from 3.6% to 4% for May, but that “there’s always an element of uncertainty”.Speaking on Sky News this morning ahead of the July 1 start to energy rebates and tax cuts, Chalmers said the challenge was to get on top of inflation “without seeing a big blowout in unemployment”:It doesn’t always moderate in a straight line. It zigs and zags on the way down and that’s what we’re seeing.The Reserve Bank and the government have got a similar view, which is we’ve got to get on top of inflation without smashing the economy. That involves a series of fine judgments.Defence has been looking at alleged links between personnel and extremism, Ariel Bogle reports.Jailed whistleblower David McBride was uplifted by Julian Assange’s arrival in Canberra.And here’s an explainer on what you need to know for the new financial year. Continue reading…